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well it might have been but you know also our trade deficit got a lot bigger and that subtracted from g.d.p. that is a problem that's only going to get worse and you know think about this we've had a tax increase on everybody here in two thousand and thirteen so i'm eric is going to be paying higher taxes i think we're going to have a larger not smaller budget deficits so i think two thousand and twelve might be the high point of the obama term and you know obama often talked about the lousy economy he inherited from bush well now he's dealing with a lousy economy he inherited from himself and i think whoever succeeds succeeds bush i mean obama the next president is going. actually inherit a worse economy than either did in his first term i think the obama recession is going to be much worse than the obama recovery and you know the obama recovery has been the weakest recovery ever you can imagine how bad the recession is going to be that's certainly a scary thought for a lot of people that are hoping and praying that we do not have another recession like the one that we just got out o
well it might have been but you know also our trade deficit got a lot bigger and that subtracted from g.d.p. that is a problem that's only going to get worse and you know think about this we've had a tax increase on everybody here in two thousand and thirteen so i'm eric is going to be paying higher taxes i think we're going to have a larger not smaller budget deficits so i think two thousand and twelve might be the high point of the obama term and you know obama often talked about the lousy...
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so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complains when i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he surrendered because he's more worried about the country's debt and the ratings agencies make. in a short video french communists put together some of our lawns major presidential campaign bows none of which they say came true. look what that's. the value added tax increase. i think it's inappropriate and unjustified and unreasonable and too hasty. what happened to well that's to remind the present with you remember you promised to review the european treaty you didn't do that here in germany set a three percent deficit isn't real but now only say it's possible etc etc you can't not do what you pro
so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complains when i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he...
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merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this year and in order and one of the reasons he can say that is his party is absolutely killing angle merkel's coalition when it comes to domestic issues if you speak to the german people one thing they will all tell you is what the vast majority will tell you is that they do support angola merkel's view when it comes to dealing with the euro crisis what we're now seeing is peacetime saying i'm going to challenge angle merkel on her own turf and put forward my own theory about how to deal with greece after years of preparation sleepless nights and hard work russia has something to celebrate tomorrow the official
merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this year...
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people building roads bridges stuff like that we currently have a two trillion dollar infrastructure deficit that's apparently going to cost us three million jobs over the next ten years isn't it just simple don't we invest in infrastructure put people back to work you know we can always use construction workers to tear down the rotting houses that the government helped build through in two thousand when we build so many houses we have a real estate bubble that you see in the employment that's the government we have and i would like to point out you know recently intelligent guy watch i can make one hundred fifty seven thousand disappear to one hundred sixty six thousand of them are immigrants roughly eighty eight thousand of them are new graduates to rival of these new new jobs. leads to a level employment it doesn't actually juice unemployment by one scrap so we can get one hundred fifty thousand jobs per month for ever and we will never reduce the rate something's wrong so then what how do we do that how do we reduce the import of what i'm going to service a do with the free market it see
people building roads bridges stuff like that we currently have a two trillion dollar infrastructure deficit that's apparently going to cost us three million jobs over the next ten years isn't it just simple don't we invest in infrastructure put people back to work you know we can always use construction workers to tear down the rotting houses that the government helped build through in two thousand when we build so many houses we have a real estate bubble that you see in the employment that's...
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repelled but not wiped out as campaign it raises more questions about human rights violations and from a deficit speak out their belgian parliament a load of amazed as criminal investigation into those allegations that too much to ask for. but i hear now is how this surprises me i mean first of all the million army does hold a grudge against the people who are stemmed from the northern part of the country and secondly the soldiers of very low paid and have very little armaments and such as a they're not really a regular army in that sense there's only. hardly a state apparatus functioning how can you really just have people and examine what they do you can't you just ground in a country like that so the only thing you can do correctly is if you think people might be terrorist is hold them and arrest them and detain them what you should not do is say this is kind of actually judicial executions but eternally surprises me that this is going on right now this country needs support yes this country needs are we why is it that this help only comes in the form of military invasions that's a basic ques
repelled but not wiped out as campaign it raises more questions about human rights violations and from a deficit speak out their belgian parliament a load of amazed as criminal investigation into those allegations that too much to ask for. but i hear now is how this surprises me i mean first of all the million army does hold a grudge against the people who are stemmed from the northern part of the country and secondly the soldiers of very low paid and have very little armaments and such as a...
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the deficit will get even bigger the debt the official debt will accumulate even more rapidly and our government is also printing a lot of money to pay for these bills so inflation can also take all very quickly so i see the problems and they may not be in thirty years they may be in five years or two years that the chinese and other people start to understand how bad the situation is and then we'll be in the situation of greece where people won't lend us money. and then we will have to make big cuts and everybody will be injured. so if you mention china and i know that china and japan are they top the list of america's lenders in ways or one trillion should they just get used to the idea they're not getting their money back i mean they can't just come out and say hey i want part of the american g.d.p. . if i were anybody whether i was chinese or japanese or russian i would not be buying thirty year us government treasury bonds that are yielding three and a half percent or something right now because the prospects for us to print we have printed so much money since two thousand and se
the deficit will get even bigger the debt the official debt will accumulate even more rapidly and our government is also printing a lot of money to pay for these bills so inflation can also take all very quickly so i see the problems and they may not be in thirty years they may be in five years or two years that the chinese and other people start to understand how bad the situation is and then we'll be in the situation of greece where people won't lend us money. and then we will have to make...